Tesla Motors (Nasdaq: TSLA) is trading flat ahead of its Q2 report, which is expected out after markets close Wednesday.

Consensus estimates expect Tesla to post a Q2 loss of $0.60 per share on revenue of $1.16 billion, versus EPS of $0.11 and revenue of $769.4 million reported in the same period last year.

Net money flow doesn't hint at any buying or selling pressure on the name, while the 14-day money flow index, at 60 percent, suggests Tesla shares are slightly overbought.

Short interest on Tesla slipped to 23.45 million shares, or 25 percent of float, as of mid-July. Days-to-Cover is at 6.1, versus 7.1 reported at the start of last month.

Shares of Tesla are up just over 1 percent. The stock did pop slightly higher around 2:30pm ET today.